Do All The Little Things Add Up? (2017)

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As per usual, I made my annual pilgrimage down to the Singapore Mint to change my coins into something more useful. looks exactly the same as the last time I went As I've explained before, one of the best life hacks that I've adopted that really has simplified my life is not caring about coins at all. I keep a coin box at my work desk, and another on my desk at home. Once I return from the … [Read more...]

Ying Li International

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Ying Li International - This "speculative" counter is an extremely undervalued yet profitable company, which price has been going downtrend (book value of 1.96 vs current price of 0.131). However, its Debt to asset ratio has been increasing and it is a bad sign. Currently, it is oversold with a RSI of 24-28. As compared to Mermaid Maritime, both have similar ratios of increasing Debt to asset … [Read more...]

An Interview With Faye Wang

For this month's interviewee, you may not really know her (yup, at last, an interviewee that is a female!), but she is actually a stock market analyst on InvestingNote. I first noticed her was when she posted her analysis of Sheng Shiong on InvestingNote. It was quite detailed and seems to have addressed some of the changes in Sheng Shiong over the last few years. She has also continued … [Read more...]

The math of crisis investing

I want to find out what is the possible rise in my portfolio after investing during crisis, and in so doing, I can find out the optimum amount of cash to keep. The problem with cash is that while it's very useful during crisis, there's a cost to it. It's the drag on your portfolio return, that is, your cash is rotting in the bank doing nothing. On the other hand, investing throughout the ups and … [Read more...]

When will I have as much passive income as you?

As my blog's readership grows, a question that gets asked more and more often is: "When will I have as much passive income as you?" Of course, one of the things I would say is that we have different circumstances and that financial freedom is not a race.  All of us who reach our goals are winners. Some might take longer than others but they are still winners at the end. Distilled to a word, … [Read more...]

Fact or Fiction : The key is to make your money on the buy, not the sell

Read? Renting a home can be a savvy decision Quote : "I looked to investment guru Robert Kiyosaki's Rich Dad Poor Dad blog, in which he wrote: "Repeat after me, your house is not an asset." His line of thinking is that it matters little how much a property appreciates in price. What matters more is "whether it provides cash flow every month". "The key is to make your money on the buy, … [Read more...]

Survivorship Bias

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Was reading the Sunday Times today when several “Unit Trust Providers” and “Actively Managed Funds” peddling their services through ads caught my eye. Whenever I do read those eye-candies, I can’t help but recall the miserable track record of active fund managers. But how is it then possible that their ads, their validated track records and their promises still look so attractive? They are not … [Read more...]

Are Singapore developers forced to walk a tightrope?

Government Land Sales for residential sites in Singapore just crossed the S$1 billion mark. A 99-year leasehold site in Queenstown Stirling Road was sold at a top bid of S$1.003 billion. (Read article in Bloomberg.) The winning consortium is China’s Nanshan Group and Logan Property (a Chinese developer listed in Hong Kong). Nanshan has been eyeing at the Singapore property market for long. In … [Read more...]

Growing wealth by being smart

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It’s going to be close to a year of blogging and I cant explain how much i’ve gained from it.   This blog post will be a short story of how I’ve became an investor At age 21, I’ve decided that having an alternative source of income from trading is essential for early retirement. In order to get out of “the usual cycle of life”, I took an educational holiday to Bali for 30 days. In that 30 days, … [Read more...]

Random thoughts: Understanding myself better @ work

I am back at work for 2 weeks. Beside the first 2 days, the usual hectic and crazy schedule is back. 4-5 to do things, bosses calling you in the last minute, staff looking to you to problem-solve, when I myself has plenty to troubleshoot I am however, coping much better. Of course the long break help. But I have been down with flu, but my motivation has not been affected, I think I have … [Read more...]

Some insights from Psychology – More loose ends from the previous talk.

There is one loose-end from the last talk. Apparently, my presentation slides were not the latest version which I sent to the company admin. This turned out to be a good thing because, this way, my talk ended on time and it might turn out out to be more draggy otherwise. Just thought I'd share information about the missing slides and in the meantime showcase to the more intermediate readers … [Read more...]

The Tale Of Three Old Men In The Same Office Space (True Story) – 2

Read? The Tale Of Three Old Men In The Same Office Space (True Story) After reading this ---> Exclude this, exclude that... Lets return to the HDB heartlands. Even without a 2nd investment/rental property, those who treat the humble HDB flat as an investment would play the 2 bites of the cherry, upgrade, downgrade game. Look around your relatives, neighbours, colleagues and … [Read more...]

11 things I learned from Genting Singapore’s 2017 AGM

Singaporeans, I’m sure, are all too familiar with the only two integrated resorts (read: casinos) in the country, Marina Bay Sands and Resorts World Sentosa. While the former has become an iconic addition to the Singapore skyline and a popular sightseeing destination, Resorts World has built its name as a family and lifestyle destination due to its location in Sentosa and the Universal Studios … [Read more...]

SIA stock: WHATS NEXT?

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SIA reported a set of very unimpressive results amounting to financial losses on 18 May 2017 and additionally, reported a dividends cut of more than 50% of what was paid last year. The result on SIA’s stock price was not surprising the next day (19 May 2017) with SIA stock price dropping by 7.2% top close at $9.98 on a high trading volume. How high was the volume accounting for this 7.2% drop? … [Read more...]

The Everything Bubble?

Honestly, I like Mike Maloney a lot. Quite a number of people think he's a shill and just goes on about tin foil hat precious metals stuff so that people will buy his book. I don't think that's true. He has time after time given away his book away at heavily discounts, or even for free. And to be fair, he book is 4.6 stars on Amazon and considered as the only proper book for precious metals … [Read more...]

A Comparison of Shipping Trusts’ Business Models

You might be wondering why I am still writing about shipping trusts' business models when there is only 1 shipping trust left. This is because for investors in First Ship Lease Trust (FSL), it is useful to understand the differences between the business models of FSL and Rickmers Maritime to assess whether FSL would go the way of Rickmers Maritime and be wounded up. On the surface, both FSL and … [Read more...]

How much will your lifestyle cost when you turn 65?

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Have you ever wondered about how much your lifestyle will cost when you turn 65?? How much do you think you'll need every month to get by? $800? $1000? $1500?  The folks at The Fifth Person ran a calculation on estimated living costs 30 years from now, and I thought it'll make for a fun exercise to tweak it to something closer to us 90s kids. Let's work out the numbers. To keep our calculations … [Read more...]

Geo Energy Resources – Dropped 23% In The Past Week. What’s In Store?

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I typically do not reveal the location of my travel pics, unless the travelling took place some time ago. No prizes for guessing this time around though. LOL! All I can say is, don’t go during summer! It’s shit ass crazy hot, and no amount of air conditioning can save you. Amazingly enough, the locals can wear long sleeved shirts and look perfectly comfortable. I’m doing all I can to stop … [Read more...]

Back in Singapore after US holiday

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We are back in Singapore after a 2 week trip to West Coast US. The holiday was a lot better than I expected given it was our first time there. We have been to different parts of Europe a few times and never really considered US as a travel destination until recently. Didn’t think US would be as interesting and I was pleasantly surprised to find out there’s so many fun things to do there. We would … [Read more...]

Ernest’s market opinion (19 May 17)

Dear all Below is my personal opinion on the market. As previously mentioned to my clients, I aim to reduce my percentage invested in stocks (currently around 130% invested), especially the non-performing stocks, with no immediate near term catalysts. I am cautious on the market in the next 1-2 months because a) The large market run up year to date. STI has appreciated approximately 12% YTD … [Read more...]